Kemira Adds Akzo Nobel's Paper Chemicals Business

Kemira has completed the acquisition of AkzoNobel paper chemicals business that was announced last July. The value of the transaction is EUR 153 million.

The acquisition solidifies Kemira’s global reach and strengthens the company’s presence in the Asia-Pacific region, says Jari Rosendal, Kemira's President and CEO. “It also enables substantial efficiency improvements in our global paper chemicals manufacturing network. Most importantly, we gain new competencies and technological capabilities through 350 paper chemical experts and six manufacturing facilities,” he continues.

The six manufacturing sites purchased from Akzo Nobel are located in South Korea, Thailand, Indonesia, Australia, Spain and Italy.

Kemira will also increase the production capacity of its own paper chemical manufacturing sites in order to capture production synergies.

Kemira is a global chemicals company with a focus on pulp and paper, oil and gas, mining, and water treatment sectors.